Is Kenyon, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kenyon is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Kenyon was a Buyer's Market.

Key Takeaway

Kenyon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Kenyon, MN

How much do homes in Kenyon, MN cost?

Median Sold Price

$299,900

$183/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

-$15,100(-4.8%)

Key Takeaway

Homes in Kenyon have sold for 4.8% less than they did a month ago.

Summary: The median home sold price in Kenyon was $299,900 in February 2024, down 4.8% from last month, and the median price per square foot was $183.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 -$299.9K
N/A
3 $315K$325K
+3.2%
4 -$285K
N/A
5+ --
N/A

Summary: Kenyon housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 3.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Kenyon
-4.8%
Kenyon Township
-4.8%

Housing Supply in Kenyon, MN

How many homes are available in Kenyon, MN?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
880.0%

Summary: The Kenyon real estate market had 8 homes for sale in February 2024, the same as January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 44
0.0%
3 32
-33.3%
4 12
+100.0%
5+ 00
0.0%

Summary: The Kenyon housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kenyon, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Kenyon in February 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Kenyon, MN

How long does it take to sell a home in Kenyon, MN?

Average Sale Time

Jan 2024Feb 2024CHANGE
166 Days33 Days-79.9%

Summary: Homes in Kenyon had an average of 33 days on market in Feb 2024, down by 79.9% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Kenyon has remained consistent over time.

Summary: During February 2024, 3 homes were sold in Kenyon; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in Kenyon, MN

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